Goldman Sachs had a 26 percent decline in third quarter profits, the bank said, as Goldman took losses on some of its public investments and struggled to drum up enough advisory business. The New York-based bank reported a profit of ...

Tagged with: 3Q bank Goldman Goldman Sachs

Eight weeks of trying to convince a jury that one of the country’s largest banks wiped out a start-up credit card processing company came to nothing on Wednesday. Following a complex trial that began in late January, the Jackson County ...

Tagged with: bank Dorsey & Whitney Jackson County Peter Carter Pier to Pier Todd Graves US Bank

The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress ...

Tagged with: bank Bank of America Barack Obama Citigroup Congress JPMorgan Chase & Co. Troubled Asset Relief Program

The U.S. Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government’s $700 billion rescue program. Neel Kashkari, the official who administers the Troubled Asset Relief Program, wrote to ...

Tagged with: bank Bank of America Barack Obama Citigroup Inc. Henry Paulson Michael Hanretta Neel Kashkari treasury Troubled Asset Relief Program

Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending. Credit costs for households and businesses haven’t followed ...

Tagged with: bank Barack Obama Federal Reserve Henry Paulson mortgage TARP Timothy Geithner U.S. Treasury Department